E11-22A (similar to) Question Help The Bergie Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Bergie's purchased and used 100,000 pounds of potatoes at a price of $0.70 per pound. During the week, 2.200 direct labor hours were incurred in the plantata rate of $12.25 per hour. The standard price per pound of potatoes is $0.85, and the standard direct labor rate is $12.00 per hour. Standards indicate that For the number of bags of frozen fries produced, the factory should have used 96.000 pounds of potatoes and 1,900 hours of direct labot a s) Read the resurements Conto your worst vers WTC Golar Laberine vanances as TV or navorable ). ADDITION USUM Dre Begin by determining the formula for the price variance, then compute the price variance for direct materiais Actual t y purchased XL Actual price Standard price ) OM price variance 100.000 XS 0.70 0.85 = $15.000 F Determine the formula for the quantity variance, then compute the quantity variance for direct materials Standard price XL Standard quantity allowed Actual quavity used ) 0.85 x 96,000 100.000 ) - S M quantity variance 3.400U Requirement 2. Think of a plausible explanation for the variances found in Requirement 1 r a re Onepluble explanation is that Berge bought lower grade polos at a cheaper price, which resulted in the favorable price variance However, because the poems were lower grade, some of the potatoes were bad, could not be used in production. As a result, the manufacturing facility had to be more times than standards . The c o rne eficiency variance Requirement 3. Determine the direct labore and officiency variances. Enter the variances as positive numbers. Entre nous to the nearest stand your answ e rs who Vannes vale For votat (U). Ativitons used: OL- Orecor) Begin with the the direct laborate variance. Fir determine the formula for the rate variance, the competere variance for recor Che Anwer 1247 PM Choose from any list of enter any number in the input fields and then click Check Answer 2 eman POUP gon Petsen Backspar W hased and used 100,000 pounds of potatoes at a price of $0.70 per pound. During 0.85, and the standard direct labor rate is $12.00 per hour. Standards indicate that i Requirements 1. Determine the direct material price and quantity variances. Be sure to label each variance as favorable or unfavorable. 2. Think of a plausible explanation for the variances found in Requirement 1. 3. Determine the direct labor rate and efficiency variances. Be sure to label each variance as favorable or unfavorable. 4. Could the explanation for the labor variances be tied to the material variances? Explain. Print Done mounts to the nearest cent and your answers to the nearest whole dollar. Label the ict labor Check Answer BE11-22A (similar to) The Berge Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Bergle's purchased and used 100,000 pounds of potatoes at a price of $0.70 per pound. During the week, 2.200 director hours were incurred in the plant at a rate of $12.25 per hour. The standard price per pound of potatoes is $0.85, and the standard direct labor rate is $12.00 per hour. Standards indicate that for the number of bags of frozen fries produced the factory should have used 96,000 pounds of potatoes and 1.000 hours of direct labor Read the regulama Requirement 1. Detmine the direct material price and quantity variances. Be sure to label each variance as favorable or unfavorable. Enter the variances as possive numbers. Enter currency amounts to the nearest cond your n ors to the nearest Whole dolorLabel the wances as favorable For unfavorable (U) Abbreviations used: OM. Direct materials Begin by determining the form for the price variance, the compute the price variance for direct materials Actually purchased Actual price Standard price ) - OM price variance 100.000 x 5 0 .70 0.85 ) $15.000 F Determine them for the quantity variance, the compute the quantihy variance for direct materials Standard pace x Standard analowed Actual quantity wed 96,000 100,000 ) - $ 3.400 V Requirement 2. Think of a plebe explanation for the ances found in Requirement1 One p le explains that Berge boughtower de posat a cheaper price which we in the favorable price once. However because the potatoes were lower grade, some of the p o wer bad and could not be used in production. As a resulte man a ng my had to use more than standardow. This accounts for the r renc o ntrando Homem Dernet de laborando con variances or the warances pou aces a la Forowe) Abons used OL- Direct laber) n route the correct Deon whether taboononce Femme homme e Choose from any or n u mber in the input fields and then click Check Answer Pgon Prisen Backspace GO Ente 1. Determine the uiect racial pic ullu quum each variance as favorable or unfavorable. 2. Think of a plausible explanation for the variances found in Requirement 1. 3. Determine the direct labor rate and efficiency variances. Be sure to label each variance as favorable or unfavorable. 4. Could the explanation for the labor variances be tied to the material variances? Explain. Print Done Check Answer e from any list or enter any number in the input fields and then click Check Answer. Clear All its maining The Bergie Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Bergie's purchased and used 100,000 pounds of potatoes at a price of $0.70 per pound. During the week, 2,200 direct labor hours were incurred in the plant at a rate of $12.25 per hour. The standard price per pound of potatoes is $0.85, and the standard direct labor rate is $12.00 per hour. Standards indicate that for the number of bags of frozen fries produced, the factory should have used 96,000 pounds of potatoes and 1,900 hours of direct labor. Read the requirements. Requirement 2. Think of a plausible explanation for the variances found in Requirement 1. One plausible explanation is that Bergie bought lower grade potatoes at a cheaper price, which resulted in the favorable price variance. However, because the potatoes were lower grade, some of the potatoes were bad, and could not be used in production. As a result, the manufacturing facility had to use more potatoes than standards allow. This accounts for the unfavorable efficiency variance. Requirement 3. Determine the direct labor rate and efficiency variances. (Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers to the nearest whole dollar. Label the variances as favorable (F) or unfavorable (U). Abbreviations used: DL = Direct labor.) Begin wth the the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor. x Actual rate Actual hours ) = DL rate variance | (l Show tran 4:16 PM 3/4/2020 Choose from any list or enter any number in the input fields and then click Check Answer. Exper